SIG Combibloc to launch U.S. and euro term loan repricing on Tuesday

By Sara Rosenberg

New York, April 27 – SIG Combibloc Group AG (Onex Wizard Acquisition) is scheduled to hold a lender call at 10 a.m. ET on Tuesday to launch a repricing of its $1,225,000,000 and €1.05 billion covenant-light term loans due March 13, 2022, according to a market source.

Barclays is the lead bank on the deal.

Current pricing on the term loans is Libor/Euribor plus 425 basis points with a 1% floor, and there is currently 101 soft call protection until March 13, 2016.

Consents/commitments are due at 5 p.m. ET on Thursday, and closing is targeted for May 13, the source added.

Onex Corp. is the sponsor.

SIG Combibloc is a Switzerland-based supplier of carton packaging and filling machines for beverages and food.

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